Market Watch 09/14/2009

Today, the weather is sunny in here.

The stocks open lower and buyers seem to chip away, and climb higher.

The early losses came after the US government late Friday imposed trade penalties on tires coming from China. The Chinese government filed a compliant with the World Trade Organization. Investors worried that a tariff dispute would damage an economic recovery.

Traders reacted coolly to a speech from President Obama, who warned the financial industry against repeating the recklessness that led to collapse of Lehman Brothers. He spoke across the street from the New Yoke Stock Exchange.

Analysis said the market’s gains are impressive because the Standard & Poor’s 500 index has already jumped 55.1 percent in six months.

The Dow rose 21.39 , or 0.2 percent, to 9626.80. The broader Standard & Poor’s 500 index rose 6.61, or 0.6 percent, to 1049.34, an 11-month high. The Nasdaq composite index rose 10.88, or 0.5 percent, to 2091.78.